What You Want to Know About Motorcycle Insurance

If you own a motorcycle or other type of motor bike, it’s important to get proper insurance to protect you from all the risk and general liability that your bike is naturally exposed to. A real advantage to getting coverage from a reliable company is that you can reap the benefits of money-saving bundling offers by acquiring more than one policy from one source. Leading underwriters also may offer money-saving on your motorcycle policy premium if you:

• Store your bike in a garage or shed
• Are a member of a specified motorcycle rider club or group
• Have completed a safe motorcycle riding course that has been sponsored by a
motor bike safety foundation

Although the average auto insurance policy does not include motorcycle coverage, it is relatively easy to secure a tailored plan – one that covers the important aspects related to motorcycle usage – through an experienced independent agency that has direct dealings with the major national companies.

Among the various forms of coverage opted for by motorcycle riders like you are the following:

– Bodily injury liability insurance
– Property damage insurance
– Physical damage for fire – theft – comprehensive – collision insurance
– Uninsured motorist coverage insurance
– Medical payments and passenger liability coverage insurance
– Custom parts and Equipment Insurance

Here’s a quick guide about a few of the insurance options you may want to include in your policy:

Custom Parts and Equipment:

Should you opt for this form of coverage, you can collect up to $3,000 without any deductibles. This coverage is available up to $10,000 in custom parts and equipment.
Liability Coverage:

Speak to an independent agent to asses exactly what your true needs as a motorcycle rider is. Then, select from the offered indemnity offered by companies. You will be given a choice of plans with basic liability limits that meet the personal umbrella requisites, giving you the leeway for other coverage options as well. For the most part, guest passenger liability is inevitably included at the identical limit as your liability choice.

Medical Coverage:

This insurance covers specific medical expenses that the driver and passenger may need following an accident.

Uninsured or Underinsured Motorist Coverage:

Generally speaking, this insurance covers expenses related to injury or even death as a result of an accident that is caused by an uninsured or underinsured (or hit and run car driver). This insurance will also cover the insured if struck not behind the wheel but as a pedestrian.

Why Should You Have Gap Insurance for Your Motorbike

Purchasing Gap Insurance for your motorcycle could be one of the cleverest things that you ever buy. Not many people realise that motor insurance is not the be all and end all and if you love embracing the open roads on your motorcycle, you are exposed to accidents. Motorcycles are also unfortunately a lot easier than cars to steal and so they are constantly at risk from thieves. If you were ever in the unfortunate event of having your motorcycle written off or stolen, then your motor insurance would only ever grant you with the amount your motorcycle is worth on this day. Due to depreciation, which starts as soon as you drive your bike away from the showroom, this motor insurance valuation is likely to be a significant amount less than the amount you originally paid.

This is exactly where shortfall Insurance comes in for you and your motorcycle.

Depending on which type of Gap Insurance you opt for, you can either, along with your motor insurance valuation, clear any outstanding finance you may have on an agreement, protect the invoice price that you paid for your motorcycle, or gain the amount necessary to be able to purchase another motorcycle, the same standard, specification, mileage etc as yours originally was.

Finance Shortfall Insurance for your motorcycle?

This type of protection will quite simply pay the difference between your motor insurance valuation on the day your bike is written off or stolen and clear any outstanding finance you may have on an agreement. This leaves you in the same position as you were before you acquired your motorcycle. It would certainly not be ideal, after going through the ordeal of an accident or being the subject of vehicle theft, to then have to find money to repay a finance company, who legally are able to demand any outstanding payments within 28 days. This will leave you to walk away with no financial liability.

Return to Invoice Gap Insurance for your motorcycle?

Return to Invoice Gap cover, along with your motor insurance valuation, will return you back to the original invoice price that you paid for your bike. For example, if you paid £8,000, three years later your bike was stolen and was now worth £4,000, then Return to Invoice Gap Insurance would top up this valuation with the £4,000 necessary to take you back to the original invoice price. This leaves you able to clear any outstanding finance if necessary and able to look around for a new bike and focus on the more important things like gaining your confidence back.

Vehicle Replacement Gap Insurance for your motorcycle?

As you are more than likely aware, motorcycles are constantly changing and with your favourite manufacturer’s constantly improving specifications to rival their competitors, it is almost a certainty that costs are going to increase. Therefore if your bike is stolen or is written off, just gaining your original invoice price back may not be enough for you to be able to purchase the same standard of motorcycle again. Vehicle Replacement Gap Insurance will top up your motor insurance valuation with the amount necessary to be able to purchase the same standard of vehicle again, same age, mileage etc, as yours originally was. You are now able to clear any outstanding finance if necessary and do with your funds what you see fit, whether that is to purchase the same motorcycle again, or something completely different altogether.

With some online providers offering prices up to 90 % less than main dealerships is worth taking the risk of not having Gap Insurance. Shortfall cover could literally save you thousands of pounds if the worst was to happen and can take the financial strain off your shoulders, so instead you are left with choices and not worrying about how you are going to repay your finance company, or purchase a new bike. Call today and speak to a professional and efficient adviser who can offer advise on the smallest query or help you with which Gap Insurance is right for you and your situation.

Understanding Caravan Insurance Covers

If you will be using your caravan during the holidays it’s always recommended that you insure it in order to protect yourself from any danger that might come your way.

Types of caravan insurance covers

There are three types of caravan insurance covers you can go for: touring, static, and trailer tent cover. Caravan insurance covers are inclusive of the caravan that is being towed behind another vehicle.The static cover covers a caravan that you place at a fixed location. For example, the caravan that you place at a holiday park. In most cases, the cover protects even the contents in the caravan. It covers the tent and sometimes the contents in the tent. Since the tent is usually exposed, most of the insurance companies shy away from covering the content. The few that accept to insure the caravan often charge a high fee.

Factors to consider when getting a caravan insurance cover

To avoid misunderstanding in the event you have an accident or your contents are damaged, you should get the right caravan insurance cover. The first thing to consider is the reputation of the company you are working with. As rule of thumb ensure that the company is of high reputation and can’t scam you.

You should also consider the size restrictions of the cover. It’s common for companies to cover caravans of a certain weight or size. To avoid problems in the future you should weigh your caravan including its contents and ensure that the company you are buying the cover from will insure it.

If your caravan will be in the same place for the entire time of your holiday, you should get static insurance that will protect your contents. The policy should cover items such as clothes and gadgets such as phones, tablets, and laptops. If you will be traveling with high tech, expensive machines you should let the insurance company know about it so that you can know whether you are on the safe side.

Finally, consider the excess. This is the amount of money you agree in the event of any claim. It’s usually divided into two categories: compulsory and voluntary. You should analyze the two amounts and go ahead with the cover if you are comfortable with it.

Tips on how to get the most out of your caravan insurance cover

When you are going for any cover you should always strive to get the most from it. When it comes to caravan insurance cover, there are a number of things you can do to get the most from it. One of the things you should do is have a clean claims history. This shows that you are responsible which increases your chances of getting a policy with a low premium.

The other thing you should do is install safety equipment in your vehicle. You should install an alarm, wheel clamps, hitch lock and any other equipment that might increase the safety of your unit.

Conclusion

This is what you need to know about caravan insurance cover. For a great experience get your cover from a reputable company.